How to Make Money in Candy Vending
Bulk candy vending can be an effective source of income. To get started, you don't need to spend much, there is little maintenance and there can be plenty of profit. While you may not get rich quick, the potential for a relatively steady income in a stable industry with low overhead makes bulk candy vending an attractive investment.
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Things You'll Need
- Start-up capital ($200 to $250)
- Reliable transportation
- Wholesale club membership
Instructions
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Purchase a bulk candy vending machine. You can usually find new machines online or at Sam's Club for $150 to $200. Shop around; it's possible to find machines in excellent condition for as little as $75.
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Organize a brief, professional presentation that showcases the benefits of having a candy machine in a retailer's, restaurateur's or grocer's place of business. Offer the business owner her choice of three to five items -- gumballs, roasted peanuts or Skittles are good choices. Set an appointment convenient to the business manager to deliver the candy machine.
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Purchase the selected candy, fill the machine and deliver the machine on the appointment date.
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Service the machine regularly. If it is in a good location, it should need to be refilled every three to five weeks. You will need to visit the location periodically until you know how quickly product is turned over.
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Plan to reinvest you profits for the first year. Once you place your first machine, it will take about three to six weeks to earn $25 to $50. If the profit is consistent, you could buy a second machine in three to four months.
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Tips & Warnings
Don't expect this setup to be an instant gold mine. What it can be, however, is a means to supplement your existing revenue stream with little additional effort or investment. Maintaining a typical machine takes approximately three to five minutes (plus the time to drive to the location). Profit margins on bulk snacks and candy can easily be 200 percent or more.
It is a good idea to take your start-up cash and open a business account with it, specifically to keep your business funds separate and make accounting for profit and taxes simpler.
Before engaging in a vending business, find out if your city requires you to obtain any retail or vending licenses. Most areas exempt this type of vending, but some cities may require a business license.
